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Politics : Formerly About Applied Materials

AMAT 262.05

-0.3%

10:53 AM EST

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To: Gottfried who wrote (62161)	3/19/2002 11:36:02 AM
From: Paul V.	Read Replies (2) of 70976

Gottfried, Looking back to 1996 cycle it appears that AMAT dropped to its lowest during the March/April plateau. The high was $55 and low was $45 the beginning of April. As Tito would say, "It YoYo's" Maybe, the reason was tax selling the first of April '96. It however, then proceeed back up to $54 and then broke to an immediate new highs to $64 followied by another new high of $72 before falliing to $58 in June. 96. However, most of us, except Jacob, missed the big movement from $26 lows of thiscyclea. I have little AMAT this cycle having switched horses to Qcom which according to our NAIC data has a greater chance for gains. I just will have to wait and see.. The SEMI sector is at 60%, market over bought while the Telephone sector is at 32%. As you are aware I look at the statistics and potential upside gain vrs the downside risk. AMAT is an excellent company with little dept. Qcom has no debt, as CSCO and other companies. During these times I believe CASH is king plus the big institutions are hyping and are in AMAT and can dump it immediately. Just my opinions. Paul Paul Paul

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